Last summer I said Boeing would end the year around 250 so that was pretty close.
Right now Boeing is sitting at a good entry for a retest of 250 with the possibility of a gap fill.
But I also think the whole market is due for a fairly large correction this summer which could take Boeing back down to the mid 100's
Pretty much same as before, but looking at overall market including commodities and bigger ETFs I feel like i narrowed the movement prediction. I think we get a bull trap move up across all markets before a flush down. I believe we will get another couple months of bull market after that said flush before a bigger correction that has been due. The market is too...
The daily chart for US company Boeing Co. (BA) experienced a Falling Wedge technical pattern. Boeing Co. is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and product support services. The falling wedge...
Overall Market weakness, along with key level of 237 being rejected at the close tells me there is a good 5-10$ short in this stock. Look for it tomorrow. This is not financial advice, just a thought. If SPX and DJI show strength tomorrow, this short is no longer viable.
I have posted few patterns and this one is the most affirmative. Go check other ones.
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gl
After two months of downside, Boeing may be ready to take off.
Notice the downward-sloping trendline in the aerospace giant. BA ended last week above it and is continuing higher today.
Second, the 8-day exponential moving average (EMA) is on the verge of crossing above the 21-day EMA. This is common signal for intermediate-term momentum turning more bullish....
